JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

section 80P\nwithout appreciating the facts of the case and hence, pray that impugned\ndisallowance is bad in law and ought to be deleted.\nThe appellants crave leave to add to, alter or amend the aforestated grounds of\nappeal.\n4. While the Revenue has raised the following grounds in its appeal for the\n assessment year

SHRI RENUKAMATA MULTI-STATE CO-OPERATIVE URBAN SOCIETY LTD,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 4(4), MUMBAI

section 80P\nwithout appreciating the facts of the case and hence, pray that impugned\ndisallowance is bad in law and ought to be deleted.\nThe appellants crave leave to add to, alter or amend the aforestated grounds of\nappeal.\"\n4. While the Revenue has raised the following grounds in its appeal for the\n assessment year

JEEVAN VIKAS NAGRI SAHAKARI PATPEDHI MARYADIT ,PALGHAR vs. ITO, CIR-4 , THANE

In the result, the appeal of the assessee for AY 2017-18 and AY 2018-19 are allowed

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am

section 80P(2)(d). Accordingly the AO reallocated the expenses based on the income percentage and accordingly recomputed the income from business at Rs.3,26,68

INCOME TAX OFFICER, WARD 4.1 , THANE, THANE vs. JEEVAN VIKAS NAGRI SAHAKARI PATPEDHI MARYADIT, MARYADT

In the result, the appeal of the assessee for AY 2017-18 and AY 2018-19 are allowed

Bench: Ms Kavitha Rajagopal, Jm & Shri Ms Padmavathy S, Am

section 80P(2)(d). Accordingly the AO reallocated the expenses based on the income percentage and accordingly recomputed the income from business at Rs.3,26,68

EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

Section 80P(2)(a)(i) amounting to Rs.1,68,52,014/- thereby wrongly treating the Appellant a Cooperative Bank

INCOME TAX OFFICER, WARD-4(1), THANE, THANE vs. JEEVAN VIKAS NAGRI SAHAKARI PATPEDI MARYADIT, VASAI

In the result, the appeal of the assessee for AY 2017-18 and AY 2018-19 are\nallowed

section 80P(2)(d).\nAccordingly the AO reallocated the expenses based on the income percentage and\naccordingly recomputed the income from business at Rs.3,26,68

EKTA SAHAKARI PATPEDHI MARYADIT,VIRAR vs. INCOME TAX OFFICER, ASSESSMENT UNIT, NEW DELHI

In the result, both the above appeals are allowed

68,52,014/- thereby wrongly treating the Appellant a Cooperative Bank instead of Cooperative Society and overlooking the fact that the deduction u/s 80P(2)(a)(i) was allowed in the previous years including AY 2017-18.\n2. In the facts and circumstances of the case and in law, the learned A.O. erred in denying deduction u/s 80P

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal.‖ 4. While the Revenue has raised the following grounds in its appeal for the assessment year

JCIT (OSD), CC-4(4), MUMBAI vs. M/S. SHRI RENUKAMATA MULTI-STATE COOPERATIVE URBAN CREDIT SOCIETY LTD., AHAMEDNAGAR

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

section 80P without appreciating the facts of the case and hence, pray that impugned disallowance is bad in law and ought to be deleted. The appellants crave leave to add to, alter or amend the aforestated grounds of appeal.‖ 4. While the Revenue has raised the following grounds in its appeal for the assessment year

BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1), MUMBAI, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

68,455/- M/s. Mumbai District Central Co-operative Bank Ltd Rs.7,18,345/- M/s. Saraswat Cooperative Bank Ltd Rs. 7,60,308/- Total Rs. 38,47,108/- Less: Interest on Savings/ Non-Cooperative Banks Rs. 1,01,407/- Deduction claimed u/s 80P(2)(d) Rs. 37,45,701/- Learned AO, after making adjustment of an interest on savings

BLUE ROSE INDUSTRIAL PREMISES CO-OP SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER, WARD - 42(1)(1),, MUMBAI

In the result, the assessee’s appeal ITA NO

Bench: SHRI PRASHANT MAHARISHI (Accountant Member), SHRI SUNIL KUMAR SINGH (Judicial Member)

68,455/- M/s. Mumbai District Central Co-operative Bank Ltd Rs.7,18,345/- M/s. Saraswat Cooperative Bank Ltd Rs. 7,60,308/- Total Rs. 38,47,108/- Less: Interest on Savings/ Non-Cooperative Banks Rs. 1,01,407/- Deduction claimed u/s 80P(2)(d) Rs. 37,45,701/- Learned AO, after making adjustment of an interest on savings

SUKHSAGAR CO OPERATIVE CREDIT SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER WARD 32(1)(1), MUMBAI

Accordingly exclude the same net of the proportional expenditure attributable to the earning of interest income.\n14. Thus, both the appeals filed by the assessee are allowed in the same terms

section 80P(2)(d) of the Act to the Assessee in respect of interest income earned from investment with Cooperative Banks. Accordingly, we set aside the impugned order passed by the learned CIT(A) for the assessment year 2018-19. As a result, grounds raised by the Assessee are allowed.\n7. As the assessee has admittedly earned part

SUKHSAGAR CO OPERATIVE CREDIT SOCIETY LTD ,MUMBAI vs. INCOME TAX OFFICER WARD 32(1)(1), MUMBAI

Accordingly exclude the same net of the proportional expenditure attributable to the earning of interest income.\n14. Thus, both the appeals filed by the assessee are allowed in the same terms

section 80P(2)(d) of the Act to the Assessee in respect of interest income earned from investment with Cooperative Banks. Accordingly, we set aside the impugned order passed by the learned CIT(A) for the assessment year 2018-19. As a result, grounds raised by the Assessee are allowed.\n7. As the assessee has admittedly earned part

ITO-19(3)(1), MUMBAI vs. THE JACKSON COOP CREDIT SOCIETY OF THE EMPLOYEES OF WESTERN RAILWAY LIMITED, MUMBAI

In the result, appeal filed by the revenue is dismissed

68,024/- made by the\nAO, u/s 80P(2)(a)(i) of the Act, being claimed by the appellant as a interest\nincome yielded from co-operative banks, without appreciating co-operative\nbanks the facts that are function at par with the other commercial banks,\nwhich do not enjoy any tax benefit. Therefore, section

SADHANA SAHAKARI PATPEDHI LIMITED,PALGHAR vs. CIT(A), NFAC, DELHI

Bench: Shri B.R. Baskaran & Shri Anikesh Banerjee

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

NAND BHUVAN IND PRIMISES CO-OP SOC LTD,MUMBAI vs. ITO WARD-24(3)(1), MUMBAI

In the result, the appeal filed by the Assessee stands allowed

Bench: Shri Narender Kumar Choudhryassessment Year: 2017-18

section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2017-18. 2 M/s. Nand Bhuvan IND Premises Co Op Soc Ltd. 2. In the instant case, the Assessee by filing its return of income on dated 17.10.2017 and declaring total income of Rs.1,68,010/- , has also claimed the deduction of Rs.16

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1)(1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should

RESERVE BANK STAFF AND OFFICERS CO-OP CREDIT SOCIETY LTD,MUMBAI vs. ITO WARD 26 (1)(1), MUMBAI

In the result, all the five appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm

68,31,658/- being interest received from co-operative banks on which deduction under Section 80P is clamed should